Penrose Real Estate | Penrose Properties between $750,000 and $1,000,000 for Sale

4 Beds ⋅ 3 Baths ⋅ 1197684 MLS

Experience the best of country living in Penrose, where breathtaking mountain views, exceptional amenities, & over 35 acres create an extraordinary place to call home. Nestled in the Beaver Creek area, this custom ranch-style home offers 3,400 square feet, featuring 4 bedrooms, 3 bathrooms, & a thoughtfully designed floor plan ideal for everyday living, entertaining, or multigenerational households. The light-filled main level showcases expansive windows that frame the surrounding landscape and a warm, inviting living area centered around a cozy wood-burning stove. The finished walk-out basement expands the living space with additional bedrooms, a spacious family room, guest accommodations, and generous storage. Designed for comfortable country living, the property features a high-producing 25+ GPM well, a reverse osmosis drinking water system, and whole-house water treatment equipment, providing exceptional water quality & peace of mind. Horse and animal lovers will appreciate the 3-stall barn, while the detached three-car garage offers abundant room for equipment, hobbies, or a workshop. The gently rolling acreage provides ample space for horses, livestock, gardening, or simply enjoying the privacy and beauty of rural Colorado. A seasonal creek winds through the property, attracting wildlife and enhancing the peaceful setting. Spend evenings watching spectacular sunsets, deer, & wild turkeys while enjoying the serenity of Colorado's wide-open skies. Located just minutes from Penrose & within easy reach of Cañon City, Florence, and Colorado Springs, this property offers the perfect balance of seclusion and convenience. Whether you're searching for a horse property, hobby ranch, private retreat, or forever home, this home delivers an exceptional combination of acreage, quality, & lifestyle. With panoramic mountain views, premium water resources, outstanding outbuildings, & endless possibilities, this remarkable Colorado property is ready to welcome its next owners.

570 Valley Dr, Penrose

Courtesy of Realty One Group Apex .

$900,000

5 Beds ⋅ 4 Baths ⋅ 4259090 MLS

Rancho Cielo-Where the Colorado Sky Meets the Soul of the Southwest - Some homes offer acreage - Others offer privacy. A select few become destinations in themselves. Beyond a striking Private Estate Gateway, a winding drive carries you through w/ more than 35 acres of Colorado's rugged high-desert landscape revealing a residence that feels as though it has always belonged to the land. Inspired by the enduring beauty of Pueblo Revival architecture, Rancho Cielo blends timeless Southwestern design with modern luxury, creating a retreat unlike anything else in Southern Colorado. From the moment you arrive, the pace of life changes. Morning sunlight stretches across distant mountain ranges. Afternoon thunderstorms dance across the plains. 4,184 square feet, this custom-designed residence offers five spacious bedrooms, four bathrooms, and an oversized three-car attached garage. Every detail reflects thoughtful craftsmanship, from the authentic adobe-inspired exterior & sculpted parapets to the warm knotty pine doors, handcrafted trim, rich architectural finishes that create an atmosphere of understated elegance. A chef-inspired kitchen, anchored by distinctive granite countertops. Renewal by Andersen windows frame Colorado's breathtaking scenery as though each were a living masterpiece. Every room captures panoramic mountain views, inviting natural light. The walk-out lower level offers exceptional flexibility, a wet bar, and private guest accommodations—perfect for multigenerational living, extended family visits. A rare privilege of owning 35.13 private acres, where breathtaking vistas become your daily backdrop, and where peace, privacy, and open skies define a way of life. This is more than an extraordinary home, where every sunrise promises possibility, and where every sunset reminds you why you chose Colorado. Welcome to Rancho Cielo—a timeless Colorado estate where the enduring spirit of the American Southwest meets uncompromising luxury.

507 Van Egmond Dr, Penrose

Courtesy of Berkshire Hathaway HomeServices Rocky M .

$900,000

5 Beds ⋅ 4 Baths ⋅ 241164 MLS

Rancho Cielo-Where the Colorado Sky Meets the Soul of the Southwest - Some homes offer acreage - Others offer privacy. A select few become destinations in themselves. Beyond a striking Private Estate Gateway, a winding drive carries you through w/ more than 35 acres of Colorado's rugged high-desert landscape revealing a residence that feels as though it has always belonged to the land. Inspired by the enduring beauty of Pueblo Revival architecture, Rancho Cielo blends timeless Southwestern design with modern luxury, creating a retreat unlike anything else in Southern Colorado. From the moment you arrive, the pace of life changes. Morning sunlight stretches across distant mountain ranges. Afternoon thunderstorms dance across the plains. 4,184 square feet, this custom-designed residence offers five spacious bedrooms, four bathrooms, and an oversized three-car attached garage. Every detail reflects thoughtful craftsmanship, from the authentic adobe-inspired exterior & sculpted parapets to the warm knotty pine doors, handcrafted trim, rich architectural finishes that create an atmosphere of understated elegance. A chef-inspired kitchen, anchored by distinctive granite countertops. Renewal by Andersen windows frame Colorado's breathtaking scenery as though each were a living masterpiece. Every room captures panoramic mountain views, inviting natural light. The walk-out lower level offers exceptional flexibility, a wet bar, and private guest accommodations—perfect for multigenerati

507 Van Egmond Dr, Penrose

Courtesy of BHHS Rocky Mountain, REALTORS .

$900,000

5 Beds ⋅ 4 Baths ⋅ 2582852 MLS

Rancho Cielo-Where the Colorado Sky Meets the Soul of the Southwest - Some homes offer acreage - Others offer privacy. A select few become destinations in themselves. Beyond a striking Private Estate Gateway, a winding drive carries you through w/ more than 35 acres of Colorado's rugged high-desert landscape revealing a residence that feels as though it has always belonged to the land. Inspired by the enduring beauty of Pueblo Revival architecture, Rancho Cielo blends timeless Southwestern design with modern luxury, creating a retreat unlike anything else in Southern Colorado. From the moment you arrive, the pace of life changes. Morning sunlight stretches across distant mountain ranges. Afternoon thunderstorms dance across the plains. 4,184 square feet, this custom-designed residence offers five spacious bedrooms, four bathrooms, and an oversized three-car attached garage. Every detail reflects thoughtful craftsmanship, from the authentic adobe-inspired exterior & sculpted parapets to the warm knotty pine doors, handcrafted trim, rich architectural finishes that create an atmosphere of understated elegance. A chef-inspired kitchen, anchored by distinctive granite countertops. Renewal by Andersen windows frame Colorado's breathtaking scenery as though each were a living masterpiece. Every room captures panoramic mountain views, inviting natural light. The walk-out lower level offers exceptional flexibility, a wet bar, and private guest accommodations—perfect for multigenerational living, extended family visits. A rare privilege of owning 35.13 private acres, where breathtaking vistas become your daily backdrop, and where peace, privacy, and open skies define a way of life. This is more than an extraordinary home, where every sunrise promises possibility, and where every sunset reminds you why you chose Colorado. Welcome to Rancho Cielo—a timeless Colorado estate where the enduring spirit of the American Southwest meets uncompromising luxury.

507 Van Egmond Drive, Penrose

Courtesy of Berkshire Hathaway Home Services Rocky Mtn Realtors . jpberkshirehathaway@gmail.com,719-761-1910

$850,000

4 Beds ⋅ 3 Baths ⋅ 2845229 MLS

Exceptional 4 bedroom, 3-bathroom custom log home on 28.4 acres! Surrounded by wide-open space and breathtaking mountain views, this unique log home estate is ideal for those seeking a rural retreat, equestrian property, or multi-use lifestyle. The home showcases quality craftsmanship throughout. The dine in kitchen features beautiful custom cabinetry with crown molding and pull outs, sleek granite countertops, breakfast bar, and thoughtful touches including a pot hanger, under cabinet lighting and a large prep room/ pantry! Large living room with vaulted ceilings, floor to ceiling rock accented wood burning fireplace and nice bay window. The primary bedroom has 2 closets, a bay window and adjoining 5-piece bathroom including a linen closet and double sink vanity. Additional highlights include a spacious basement with a safe room, office, full bathroom, and big family room with a wood burning stove. Upgrades include a new furnace, new central air system, and a new roof installed in 2025. Energy efficiency is enhanced with a solar system, while an attached greenhouse provides year-round growing potential. Step outside onto the expansive front deck and take in the stunning mountain views—perfect for relaxing or entertaining. The property is fully equipped for a variety of uses. A well-appointed barn includes five stalls and a tack room, making it ideal for horse enthusiasts. A heated workshop with a half bath adds versatility for projects or storage. The property also features two private shooting ranges!! With its combination of usable acreage, high-quality improvements, and unmatched views, this one-of-a-kind property delivers the best of Colorado country living with endless possibilities.

86 K St, Penrose

Courtesy of All Seasons Llc .

$775,000

2 Beds ⋅ 2 Baths ⋅ 240592 MLS

Situated on over 73 acres across two parcels, this exceptional Colorado ranch property offers a rare combination of privacy, recreation, and future development potential. The cozy 2-bedroom, 2-bath ranch home features a covered front deck with stunning views of Table Mountain and the Beaver Creek Wilderness Area, a grid-tied solar system for low utility costs, and a newer pellet stove for year-round comfort.New windows and Luxury Vinyl Plank in the bedrooms. A 10gpm well with a cistern and commercial reverse osmosis system insures pure clean water. The property is fully equipped for ranching or hobby farming with a 30x40 insulated garage/shop, a 30x46 insulated barn, livestock facilities, multiple storage sheds, partial fencing, and an electronic security gate. The second parcel has been thoughtfully prepared as a future dream-home site with underground power, completed septic perk testing. With breathtaking views of dramatic red rock formations and the snow-capped Sangre de Cristo Mountains, plus easy access to fishing, horseback riding, hiking, and trout-filled Beaver Creek, this is a truly unique opportunity to own a well-improved mountain ranch retreat.

8200 County Road 132, Penrose

Courtesy of HomeSmart Preferred Realty .

$850,000

4 Beds ⋅ 3 Baths ⋅ 240585 MLS

Exceptional 4 bedroom, 3-bathroom custom log home on 28.4 acres! Surrounded by wide-open space and breathtaking mountain views, this unique log home estate is ideal for those seeking a rural retreat, equestrian property, or multi-use lifestyle. The home showcases quality craftsmanship throughout. The dine in kitchen features beautiful custom cabinetry with crown molding and pull outs, sleek granite countertops, breakfast bar, and thoughtful touches including a pot hanger, under cabinet lighting and a large prep room/ pantry! Large living room with vaulted ceilings, floor to ceiling rock accented wood burning fireplace and nice bay window. The primary bedroom has 2 closets, a bay window and adjoining 5-piece bathroom including a linen closet and double sink vanity. Additional highlights include a spacious basement with a safe room, office, full bathroom, and big family room with a wood burning stove. Upgrades include a new furnace, new central air system, and a new roof installed in 2025. Energy efficiency is enhanced with a solar system, while an attached greenhouse provides year-round growing potential. Step outside onto the expansive front deck and take in the stunning mountain views. A well-appointed barn includes five stalls and a tack room, making it ideal for horse enthusiasts. A heated workshop with a half bath adds versatility for projects or storage. The property also features two private shooting ranges!!

86 K St, Penrose

Courtesy of All Seasons LLC. .

$990,000

5 Beds ⋅ 3 Baths ⋅ 3550439 MLS

Welcome home to this magnificent horse property situated on 10 acres with irrigation. This spacious 5 bedroom 3 bath home has many upgrades throughout. Five piece bath off the primary suite with copper tub, double sinks, walk in closet and seperate water closet. Kitchen features two islands with leathered granite countertops. Two spare bedrooms separated by a bathroom. In the walkout basement you are greeted by a large living room with gas fireplace and bar area perfect for entertaining. Two bedrooms one with large walk in closet separated by a bathroom. There is also a large storage room. Solar on the roof of the barn to cut the utility bills down. Beautiful landscaping in the front and backyard with tremendous views off the back porch. 40'x60' horse barn with 5 stalls and pipe runs off each stall. A 12x12 insulated tack room, hay storage and a wash area. Covered area off the back of the barn offers extra storage. Large pipe round pen and 150'x275' pipe roping arena and return alley with three cattle pens each with their own shelter. Automatic waters with electricity in all pens. RV plug for trailers or guests with plenty of parking for all the toys. The hayfield/pasture is approximately 5.5 acres and irrigated with 5 shares of Beaver Park water. You can turn the animals out of cut and bale the hay. There is also a separate pasture about 3/4 of an acre for turnout. This property is a must see for anyone with animals and wanting some elbow room.

1675 M St, Penrose

Courtesy of Re/Max Associates .

$775,000

2 Beds ⋅ 2 Baths ⋅ 6735100 MLS

Situated on over 73 acres across two parcels, this exceptional Colorado ranch property offers a rare combination of privacy, recreation, and future development potential. The cozy 2-bedroom, 2-bath ranch home features a covered front deck with stunning views of Table Mountain and the Beaver Creek Wilderness Area, a grid-tied solar system for low utility costs, and a newer pellet stove for year-round comfort.New windows and Luxury Vinyl Plank in the bedrooms. A 10gpm well with a cistern and commercial reverse osmosis system insures pure clean water. The property is fully equipped for ranching or hobby farming with a 30x40 insulated garage/shop, a 30x46 insulated barn, livestock facilities, multiple storage sheds, partial fencing, and an electronic security gate. The second parcel has been thoughtfully prepared as a future dream-home site with underground power, completed septic perk testing. With breathtaking views of dramatic red rock formations and the snow-capped Sangre de Cristo Mountains, plus easy access to fishing, horseback riding, hiking, and trout-filled Beaver Creek, this is a truly unique opportunity to own a well-improved mountain ranch retreat.

8200 County Road 132, Penrose

Courtesy of Homesmart Preferred Realty .

$990,000

5 Beds ⋅ 3 Baths ⋅ 234647 MLS

Welcome home to this magnificent horse property situated on 10 acres with irrigation. This spacious 5 bedroom 3 bath home has many upgrades throughout. Five piece bath off the primary suite with copper tub, double sinks, walk in closet and seperate water closet. Kitchen features two islands with leathered granite countertops. Two spare bedrooms separated by a bathroom. In the walkout basement you are greeted by a large living room with gas fireplace and bar area perfect for entertaining. Two bedrooms one with large walk in closet separated by a bathroom. There is also a large storage room. Solar on the roof of the barn to cut the utility bills down. Beautiful landscaping in the front and backyard with tremendous views off the back porch. 40x60 horse barn with 5 stalls and pipe runs off each stall. A 12x12 insulated tack room, hay storage and a wash area. Covered area off the back of the barn offers extra storage. Large pipe round pen and 150'x275' pipe roping arena and return alley with three cattle pens each with their own shelter. Automatic waters with electricity in all pens. RV plug for trailers or guests with plenty of parking for all the toys. The hayfield/pasture is approximately 5.5 acres and irrigated with 5 shares of Beaver Park water. You can turn the animals out of cut and bale the hay. There is also a separate pasture about 3/4 of an acre for turnout. This property is a must see for anyone with animals and wanting some elbow room.

1675 M St, Penrose

Courtesy of RE/MAX Associates .

Penrose Properties between $750,000 and $1,000,000 for Sale

Newest Penrose Properties between $750,000 and $1,000,000 for Sale